Global Industrial Gas Phase Filtration System Market Report (2019-2023): Analysis by End-user and Geography - ResearchAndMarkets.com
The "Global Industrial Gas Phase Filtration System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The industrial gas phase filtration system market will register a CAGR of over 5% by 2023.
Emerging demand for highly efficient filter media to drive market growth
Filter media are important parts of a gas phase filtration system as they actually filter gases. However, a filter medium needs to be replaced after a certain period as contaminants accumulate over it. Therefore, the filter media in a gas phase filtration system requires considerable maintenance. Vendors are aiming to reduce this by developing improved filter media that offers enhanced filtration.
Growing investment in chemical and petrochemical industries
The chemical and petrochemical industries use different chemicals and utility products during the production process. The production of intermediate or final products involves complex steps that are accompanied by the release of harmful gases capable of corroding equipment and endangering human life.
Production processes in the two industries also give off unwanted elements such as sulfur, nitrogen, oxygen, and trace metals. These components can react with different feed products to form harmful gases. Gas phase filtration systems are used to remove such harmful contaminants during different production processes, ensuring that critical equipment and machines do not get corroded and workforce safety maintained.
Uncertainties associated with volatile oil prices
The oil and gas industry is an important end-user of gas phase filtration systems in both the upstream and downstream sectors. The rising stringency of regulations on the oil and gas industry make gas phase filtration systems highly integral, but the high volatility associated with the industry presents uncertainties with respect to future investments, thereby dimming prospects for gas phase filtration system manufacturers.
Competitive Landscape
The market appears to be fragmented, and with the presence of several companies including Donaldson Company and Filtration Group, the competitive environment is quite intense.
Key Players
- Daikin Industries (American Air Filter Company)
- Donaldson Company
- Filtration Group
- Freudenberg Group
- Pahwa Group (Bry-Air)
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Comparison by end-user
- W&WW - Market size and forecast 2018-2023
- Pharmaceutical - Market size and forecast 2018-2023
- Chemical - Market size and forecast 2018-2023
- Oil and gas - Market size and forecast 2018-2023
- Pulp and paper - Market size and forecast 2018-2023
- S&E - Market size and forecast 2018-2023
- F&B - Market size and forecast 2018-2023
- Other industries - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- Middle East and Africa - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Daikin Industries (American Air Filter Company)
- Donaldson Company
- Filtration Group
- Freudenberg Group
- Pahwa Group (Bry-Air)
For more information about this report visit https://www.researchandmarkets.com/research/tlr5zk/global_industrial?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190207005560/en/